Negative impacts from US tariff move stressed
China DailyShipping containers are shown at the Terminal 1 Container Terminal at the Port of Los Angeles in Wilmington, California, US, October 17, 2024. In an interview with China Media Group, Clark emphasized the critical role trade plays, not only for the region but also for the broader US economy, with nearly 3.1 million jobs nationwide tied to the Los Angeles and Long Beach trade complex. "Many analysts identify a net negative effect of tariffs on total US manufacturing jobs, largely as a result of rising production costs offsetting any gains," Clark told China Daily. "Tariffs on imports may improve the competitiveness of US companies providing like-for-like products in the short term, but they do not guarantee the reshoring of jobs or stronger domestic supply chains." Taking precautions "Some shippers are front-loading cargo as a precaution against potential new tariffs," said Gene Seroka, the port's executive director, at a recent media briefing.
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